Etymology
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peculation (n.)

"embezzlement, defalcation, the act of appropriating to one's own use public money or goods entrusted to one's care," 1650s, noun of action from Latin peculari (see peculate).

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Definitions of peculation

peculation (n.)
the fraudulent appropriation of funds or property entrusted to your care but actually owned by someone else;
From wordnet.princeton.edu